Investor Help (NO Ihub questions)

[Hole shot King]

Effective February 19, 2010, the Company sold to one accredited investor 500,000 Units, each Unit consisting of (a) one share of its Common Stock (a “Share”), and (b) ½ of a five year warrant (a “Warrant”) to purchase a Share at an exercise price of $1.65 per Share. The purchase price of a Unit was $1.00 resulting in gross proceeds of $500,000. The Company paid $35,000 in commissions and agreed to issue Warrants to the placement agent to purchase 50,000 Shares at an exercise price of $1.65 per Share with respect to the private placement. The Company has agreed to include the Shares and those issuable upon exercise of the Warrants requested by the holders to be so included in any registration statement with the SEC permitting the resale of such securities

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7084899



I found that interesting ....Im trying to understand this more
can some of you explain it to me ??